Mauritius Budget 2018-19 proposes that FSC will cease to issue Category 2 Global Business Companies (GBC) licenses from January 2019, with a grandfathering provision for existing companies; Deemed Foreign Tax Credit regime available to companies holding a Category 1 Global Business License (GBL) will be abolished from December 31, 2018; A partial exemption regime will be introduced whereby 80% of specified income will...